@font-face{font-family:ES Nein;font-weight:400;font-display:swap;src:url(/fonts/ESNein-Extrabold.woff2)format("woff2"),url(/fonts/ESNein-Extrabold.woff)format("woff")}@font-face{font-family:ES Allianz;font-weight:400;font-style:normal;font-display:swap;src:url(/fonts/ESAllianz-Regular.woff)format("woff")}@font-face{font-family:ES Allianz;font-weight:400;font-style:italic;font-display:swap;src:url(/fonts/ESAllianz-Italic.woff)format("woff")}:root{--white:#fff;--black:#000;--grey-light:#eee;--grey:#73808c;--grey-text:#6b7280;--blue:#4e93d2;--link:#2563eb;--display:"ES Nein", "Arial Narrow", Impact, sans-serif;--body:"ES Allianz", "Helvetica Neue", Helvetica, Arial, sans-serif;--nav-h:64px;--gutter:16px;--gutter-xl:16px;--measure:45rem;--wide:56rem;--page-max:1200px;--site-max:1536px;--radius:8px}@media (width>=768px){:root{--gutter:32px;--gutter-xl:128px}}*,:before,:after{box-sizing:border-box}html{-webkit-text-size-adjust:100%;scroll-behavior:smooth;overscroll-behavior:none}html.menu-open{overflow:hidden}body{background:var(--white);color:var(--black);font-family:var(--body);text-rendering:optimizelegibility;margin:0;font-size:16px;line-height:1.5}@media (width>=1280px){body{font-size:20px}}h1,h2,h3,h4,p,figure,blockquote,ul,ol,hr{margin:0}ul,ol{padding:0;list-style:none}img,picture,video,iframe,svg{max-width:100%;display:block}img,video{height:auto}img{width:auto}.img-center img,.hero-image img,.prose img{margin-inline:auto}figcaption{color:var(--grey-text);margin-top:.5rem;font-size:.85rem}button{font:inherit}[hidden]{display:none!important}h1,h2,h3{text-wrap:balance;font-weight:400}h1{font-size:clamp(2.25rem,6vw,8rem);line-height:.95}h2{margin-bottom:1rem;font-size:clamp(1.875rem,3.5vw,3rem);line-height:1.05}h3{margin-bottom:.5rem;font-size:clamp(1.125rem,2.5vw,2.25rem);line-height:1.1}.display{font-family:var(--display);text-transform:uppercase;letter-spacing:-.01em;margin-bottom:1rem;font-size:clamp(112px,20vw,240px);line-height:.9}.display.title{font-size:clamp(2.75rem,8vw,6.5rem)}p{text-wrap:pretty;margin-bottom:.5rem}p:last-child{margin-bottom:0}p,ul,ol{max-width:var(--measure)}p.kicker{max-width:var(--measure);padding-top:1.5rem;font-size:clamp(1.25rem,2.2vw,1.875rem);line-height:1.35}@media (width>=768px){p.kicker{padding-top:3rem}}a{color:var(--link);text-underline-offset:2px;text-decoration:underline}.grey,.meta{color:var(--grey-text)}.meta{font-size:.9rem}.skip{position:absolute;left:-9999px}.skip:focus{z-index:50;background:var(--white);padding:8px 12px;top:16px;left:16px}.gutter{padding-inline:var(--gutter)}.gutter-xl{padding-inline:var(--gutter-xl)}.con{width:min(100% - 2 * var(--gutter), var(--page-max));margin-inline:auto;padding-block:2rem}@media (width>=768px){.con{padding-block:4rem}}.pin .con{width:auto;padding:2rem var(--gutter-xl);margin:0}@media (width>=768px){.pin .con{padding-block:4rem}}.page-wrap,.wrap{width:min(100% - 2 * var(--gutter), var(--page-max));margin-inline:auto}.narrow{max-width:none}.page{padding-top:2rem;padding-bottom:4rem}@media (width>=768px){.page{padding-top:3rem;padding-bottom:5rem}}.btn{background:var(--black);height:40px;color:var(--white);white-space:nowrap;cursor:pointer;border:0;border-radius:999px;align-items:center;padding:0 24px;line-height:1;text-decoration:none;display:inline-flex}.btn.white{background:var(--white);color:var(--black)}.actions{flex-wrap:wrap;gap:1rem;display:flex}.site-nav{z-index:10;width:100%;height:var(--nav-h);align-items:center;gap:1rem;transition:background-color .15s ease-out;display:flex;position:sticky;top:0;overflow:hidden}@media (width>=1024px){.site-nav{gap:2.75rem}}.site-nav.scrolled{background:var(--white)}.site-nav a{color:var(--black);text-decoration:none}.site-nav .logo{flex:none;width:40px;height:40px;display:block}.site-nav .logo svg{width:100%;height:100%}.site-nav .pages{flex:1;display:none}.site-nav .pages a{padding:0 1.5rem}.site-nav .cta{display:none}.site-nav .cta .btn{color:var(--white)}.site-nav .menu-wrap{flex:1;justify-content:flex-end;display:flex}.site-nav .bar{border:1px solid var(--black);pointer-events:none;transform-origin:50%;border-radius:50%;width:40px;height:40px;display:none;position:absolute;top:50%;left:0;transform:translateY(-50%)scaleY(0)}.site-nav .bar.on{transition:transform .5s cubic-bezier(.34,1.4,.64,1);transform:translateY(-50%)scaleY(1)}@media (width>=640px){.site-nav .pages,.site-nav .cta{display:flex}.site-nav .menu-wrap{display:none}.site-nav .bar{display:block}}.site-nav[data-expanded=true]{background:var(--blue);grid-template:"logo button"min-content"pages pages"1fr"cta cta"min-content/1fr 1fr;gap:0;height:100%;padding:.75rem 1rem 0;display:grid;position:fixed;inset:0;overflow:auto}.site-nav[data-expanded=true] .logo{grid-area:logo}.site-nav[data-expanded=true] .menu-wrap{grid-area:button}.site-nav[data-expanded=true] .pages{flex-direction:column;grid-area:pages;padding-top:6rem;display:flex}.site-nav[data-expanded=true] .pages a{padding:0}.site-nav[data-expanded=true] .cta{grid-area:cta;padding-bottom:1rem;display:flex}.site-nav[data-expanded=true] .cta .btn{color:var(--white);background:0 0;height:auto;padding:0}.site-nav[data-expanded=true] .pages a,.site-nav[data-expanded=true] .cta a{font-size:2.25rem;line-height:1.2}.site-nav[data-expanded=true] .bar{display:none}.hero{background:var(--blue);margin-top:calc(-1 * var(--nav-h));padding:6rem var(--gutter) 2rem;text-align:center;flex-direction:column;align-items:center;gap:2rem;display:flex}@media (width>=768px){.hero{padding:8rem var(--gutter) 6rem}}.hero>*,.hero header>*{max-width:100%}.hero header{flex-direction:column;align-items:center;gap:1rem;width:100%;display:flex}.hero h1{width:100%}.hero header p{max-width:var(--measure)}.hero h1 .white{color:var(--white)}.got-wrap{display:inline-block;position:relative}.get:before{content:"Get"}.got{white-space:nowrap;position:absolute;top:50%;left:33.33%;transform:translate(-50%,-50%)rotate(-2deg)}@media (width>=768px){.got{margin-top:2rem;padding-bottom:3rem}}.hero-squiggle{aspect-ratio:1;width:100%;color:var(--black);position:relative}@media (width>=768px){.hero-squiggle{aspect-ratio:auto;height:clamp(320px,55vh,640px)}}.hero-squiggle svg{width:100%;height:100%;position:absolute;inset:0}.intro article,.plan article{flex-direction:column;gap:.5rem;max-width:65ch;display:flex}.clip{width:100%;max-width:1280px;margin-inline:auto}.full-video video{width:100%}.plan-grid{width:min(100% - 2 * var(--gutter), var(--page-max));margin-inline:auto}.map-figure{margin:0 0 1rem;padding-inline:0}.map-figure a{max-width:560px;display:block}.map-figure img{border-radius:var(--radius);border:1px solid #e5e7eb;max-width:100%;height:auto}.map-figure figcaption{max-width:560px}@media (width>=900px){.plan-grid{grid-template-columns:minmax(0,1fr) minmax(0,560px);align-items:center;gap:clamp(2rem,5vw,5rem);padding-block:4rem;display:grid}.plan-grid .con,.plan-grid .map-figure{width:auto;margin:0;padding:0}}.pin{top:var(--nav-h);display:grid;position:sticky}@media (width>=768px){.pin{grid-template-columns:1fr 1fr;min-height:100vh}}.pin .media{aspect-ratio:1;background:#0000001a;place-items:center;display:grid;position:relative;overflow:hidden}@media (width>=768px){.pin .media{aspect-ratio:auto;height:100%}}.pin .media img{max-width:100%;height:auto}.pin .media video{object-fit:cover;width:100%;height:100%;position:absolute;inset:0}.pin.red{color:#7f1d1d;background:#fca5a5}.pin.indigo{color:#312e81;background:#a5b4fc}.pin.blue{color:#1e3a8a;background:#bfdbfe}.pin a{color:inherit}.latest{width:min(100% - 2 * var(--gutter), var(--page-max));margin-inline:auto;padding-block:4rem 5rem}.section-head{flex-wrap:wrap;justify-content:space-between;align-items:baseline;gap:1rem;margin-bottom:1rem;display:flex}.section-head h2{margin:0}.more{margin-top:1.5rem}.thanks{background:var(--blue);text-align:center;flex-direction:column;align-items:center;gap:2rem;padding-block:2rem;display:flex}@media (width>=768px){.thanks{padding-block:8rem}}.thanks a{color:var(--black)}.thanks .btn{color:var(--white)}.ambient-video{background:var(--black);width:100%}.ambient-video .frame{aspect-ratio:16/9;width:100%;position:relative}.ambient-video .frame>*{width:100%;height:100%;position:absolute;inset:0}.ambient-video img{object-fit:cover}.ambient-video iframe{border:0}.ambient-video button{cursor:pointer;background:0 0;border:0}.ambient-video .play{background:#000000a6;border-radius:50%;width:72px;height:72px;position:absolute;top:50%;left:50%;translate:-50% -50%}.ambient-video .play:after{content:"";border-top:14px solid #0000;border-bottom:14px solid #0000;border-left:22px solid #fff;position:absolute;top:22px;left:29px}.ambient-video button:focus-visible{outline:3px solid var(--blue);outline-offset:-3px}.ambient-video .credit{color:#9ca3af;max-width:none;padding-block:.75rem;font-size:.85rem}.ambient-video .credit a{color:inherit}.site-footer{flex-direction:column;gap:1.5rem;padding-block:4rem 2rem;display:flex}@media (width>=768px){.site-footer{padding-block:6rem 3rem}}.site-footer a{color:inherit;text-decoration:none}.site-footer a:hover{text-decoration:underline}.foot-top{gap:1.5rem;display:flex}.foot-top .logo-col{flex:1}.foot-top .logo{width:40px;height:40px;display:block}.sitemap{gap:3rem;display:flex}@media (width>=768px){.sitemap,.foot-bottom .legal{width:20rem;min-width:0}}.sitemap div{flex-direction:column;display:flex}.site-footer hr{border:0;border-top:1px solid #e5e7eb}.foot-bottom{color:var(--grey-text);gap:1rem;display:flex}.foot-bottom .copy{flex:1}.foot-bottom .legal{justify-content:flex-end;gap:1rem;display:flex}.page-article{width:min(100% - 2 * var(--gutter), var(--page-max));flex-direction:column;gap:1rem;margin-inline:auto;padding-block:2rem 4rem;display:flex}@media (width>=768px){.page-article{padding-top:3rem}}.page-article>header{padding-top:.5rem}.crumbs{font-size:.9rem}.crumbs a{color:inherit}.hero-image{text-align:center}.hero-image img{max-width:100%;height:auto}.hero-image figcaption{max-width:var(--measure);margin-inline:auto}.prose{max-width:var(--measure);font-size:1.0625rem;line-height:1.65}@media (width>=1280px){.prose{font-size:1.125rem}}.prose p,.prose ul,.prose ol,.prose blockquote,.prose table,.prose figure{max-width:none;margin:0 0 1.1em}.prose h2{text-wrap:balance;margin:2.4em 0 .5em;font-size:clamp(1.5rem,1.2rem + 1vw,1.875rem);line-height:1.15}.prose h3{margin:2em 0 .4em;font-size:clamp(1.2rem,1.1rem + .5vw,1.375rem);line-height:1.2}.prose h4{margin:1.6em 0 .3em;font-size:1.05em}.prose>:first-child{margin-top:0}.prose ul,.prose ol{padding-left:1.25rem}.prose ul{list-style:outside}.prose ol{list-style:decimal}.prose li+li{margin-top:.3em}.prose img{max-width:100%;height:auto;margin-block:1.5rem}.prose blockquote{border-left:2px solid var(--black);color:var(--grey-text);padding-left:1rem}.prose hr{border:0;border-top:1px solid var(--black);margin:3.5rem 0}.prose hr+h2{margin-top:0}.prose table{border-collapse:collapse;width:100%;font-size:.9em}.prose th,.prose td{text-align:left;vertical-align:top;border-bottom:1px solid #e5e7eb;padding:.5rem .75rem}h1,h2,h3,h4,[id]{scroll-margin-top:calc(var(--nav-h) + 1rem)}.cta-box{color:var(--grey-text);margin-top:3rem}.pager{max-width:var(--wide);border-top:1px solid #e5e7eb;grid-template-columns:1fr 1fr;gap:1rem;margin-top:2rem;padding-top:1rem;display:grid}.pager a{color:inherit;flex-direction:column;text-decoration:none;display:flex}.pager a:hover{text-decoration:underline}.pager .older{text-align:right}.article-layout{grid-template-columns:minmax(0,1fr);gap:3rem;padding-bottom:4rem;display:grid}.article-main{flex-direction:column;gap:1rem;min-width:0;display:flex}.article-main>header{padding-top:.5rem}.article-side{border-top:1px solid var(--grey-light);padding-top:1.5rem}.side-sticky{flex-direction:column;gap:1rem;font-size:.95rem;display:flex}.side-meta{flex-direction:column;gap:.75rem;margin:0;display:flex}.side-meta dt{text-transform:uppercase;letter-spacing:.08em;color:var(--grey-text);margin-bottom:.2rem;font-size:.75rem}.side-meta dd{min-width:0;margin:0}.byline{margin:.25rem 0 0;font-size:1rem}.side-h{font-family:var(--body);text-transform:uppercase;letter-spacing:.08em;color:var(--grey-text);margin:.5rem 0 0;font-size:.8rem}.side-list{flex-direction:column;gap:.75rem;display:flex}.side-list li{flex-direction:column;gap:.1rem;line-height:1.3;display:flex}.side-list a{color:inherit;text-decoration:none}.side-list a:hover{text-decoration:underline}.side-back a{color:inherit}:root{--kind-update-bg:#1b4e7c;--kind-update-fg:#fff;--kind-analysis-bg:#d6e8f7;--kind-analysis-fg:#123a5c;--kind-video-bg:#475569;--kind-video-fg:#fff;--kind-press-bg:transparent;--kind-press-fg:#334155;--kind-press-border:#94a3b8;--kind-podcast-bg:#4e93d2;--kind-podcast-fg:#0b2540}.badge{text-transform:uppercase;letter-spacing:.08em;white-space:nowrap;border:1px solid;border-radius:999px;align-items:center;gap:.35em;padding:2px 9px;font-size:.7rem;line-height:1.5;display:inline-flex}.badge.update{background:var(--kind-update-bg);color:var(--kind-update-fg);border-color:var(--kind-update-bg)}.badge.analysis{background:var(--kind-analysis-bg);color:var(--kind-analysis-fg);border-color:var(--kind-analysis-bg)}.badge.video{background:var(--kind-video-bg);color:var(--kind-video-fg);border-color:var(--kind-video-bg)}.badge.press{background:var(--kind-press-bg);color:var(--kind-press-fg);border-color:var(--kind-press-border)}.badge.podcast{background:var(--kind-podcast-bg);color:var(--kind-podcast-fg);border-color:var(--kind-podcast-bg)}.badge-logo{vertical-align:-.1em;width:auto;height:1em;display:inline-block}.filters button{align-items:center;gap:.4em;display:inline-flex}.filters .badge-logo{height:.9em}@media (width>=1024px){.article-layout{grid-template-columns:minmax(0, 1fr) minmax(0, var(--measure)) minmax(0, 1fr);gap:0 2.5rem}.article-main{grid-column:2}.article-side{border-top:0;grid-column:3;padding-top:.5rem}.side-sticky{top:calc(var(--nav-h) + 1.5rem);position:sticky}}.page-head{margin-bottom:2rem}.lede{color:var(--grey-text);max-width:var(--measure);font-size:clamp(1.125rem,1.8vw,1.5rem)}.filters{flex-wrap:wrap;gap:.5rem;margin-top:1.5rem;display:flex}.filters button{border:1px solid var(--black);height:32px;color:var(--black);cursor:pointer;background:0 0;border-radius:999px;padding:0 14px;font-size:.875rem}.filters button[aria-pressed=true]{background:var(--black);color:var(--white)}.filters button[data-filter=update][aria-pressed=true]{background:var(--kind-update-bg);color:var(--kind-update-fg);border-color:var(--kind-update-bg)}.filters button[data-filter=analysis][aria-pressed=true]{background:var(--kind-analysis-bg);color:var(--kind-analysis-fg);border-color:var(--kind-analysis-fg)}.filters button[data-filter=video][aria-pressed=true]{background:var(--kind-video-bg);color:var(--kind-video-fg);border-color:var(--kind-video-bg)}.filters button[data-filter=press][aria-pressed=true]{color:var(--kind-press-fg);border-color:var(--kind-press-border);background:#e2e8f0}.filters button[data-filter=podcast][aria-pressed=true]{background:var(--kind-podcast-bg);color:var(--kind-podcast-fg);border-color:var(--kind-podcast-bg)}.year h2{font-family:var(--body);color:var(--grey-text);border-bottom:1px solid var(--black);margin:3rem 0 1rem;padding-bottom:.5rem;font-size:1rem}.year:first-of-type h2{margin-top:2rem}.card-grid{grid-template-columns:1fr;gap:1rem;max-width:none;display:grid}@media (width>=640px){.card-grid{grid-template-columns:repeat(2,1fr)}}@media (width>=1024px){.card-grid{grid-template-columns:repeat(3,1fr)}}.card{border:1px solid var(--grey-light);border-radius:var(--radius);height:100%;color:inherit;background:var(--white);flex-direction:column;text-decoration:none;transition:border-color .15s ease-out,box-shadow .15s ease-out;display:flex;overflow:hidden}.card:hover,.card:focus-visible{border-color:#cbd5e1;box-shadow:0 2px 12px #0f172a14}.card-media{aspect-ratio:16/10;background:var(--grey-light);border-bottom:1px solid var(--grey-light);position:relative}.card-media img{object-fit:cover;width:100%;max-width:none;height:100%;position:absolute;inset:0}.card-body{flex-direction:column;flex:1;gap:.5rem;padding:1rem;display:flex}@media (width>=1024px){.card-body{padding:1.25rem}}.card-top{flex-wrap:wrap;align-items:center;gap:.5rem .75rem;display:flex}.card-top .meta{font-size:.85rem}.card .card-title{text-wrap:balance;font-size:clamp(1.05rem,1.4vw,1.25rem);line-height:1.25}.card .desc{font-size:.9rem;line-height:1.45}.card-action{color:var(--link);margin-top:auto;padding-top:.5rem;font-size:.85rem}.card-grid.docs{margin-top:1rem}.list a{border-bottom:1px solid var(--grey-light);color:inherit;flex-direction:column;gap:.125rem;padding:1rem 0;text-decoration:none;display:flex}.list a:hover .list-title{text-decoration:underline}.list-title{font-size:1.125rem;line-height:1.25}.desc{color:var(--grey-text);font-size:.95rem}.ext{margin-left:6px}.tag{text-transform:uppercase;letter-spacing:.05em;border:1px solid;margin-left:8px;padding:1px 6px;font-size:.7rem}.chars .char{opacity:0;animation:.4s ease-out forwards char-in;animation-delay:calc(var(--delay,0s) + var(--i) * var(--stagger,20ms))}@keyframes char-in{to{opacity:1}}@media (prefers-reduced-motion:reduce){html{scroll-behavior:auto}.chars .char{opacity:1;animation:none}.site-nav .bar.on{transition:none}}.callout{background:var(--grey-light);padding-block:2.5rem}.callout-inner h2{margin-bottom:.25rem}.callout-list{gap:1rem;max-width:none;margin-top:1.25rem;display:grid}@media (width>=768px){.callout-list{grid-template-columns:repeat(3,1fr)}}.callout-list a{background:var(--white);border-radius:var(--radius);color:inherit;border:1px solid #e5e7eb;flex-direction:column;gap:.25rem;padding:1rem 1.25rem;text-decoration:none;display:flex}.callout-list a:hover{border-color:#cbd5e1;box-shadow:0 2px 12px #0f172a14}.callout-title{font-size:1.125rem;line-height:1.25}.sub-list{flex-direction:column;gap:1.5rem;max-width:none;display:flex}.sub-panel{border-radius:var(--radius);background:var(--white);border:1px solid #e5e7eb;gap:1rem;display:grid;overflow:hidden}@media (width>=768px){.sub-panel{grid-template-columns:minmax(0,5fr) minmax(0,7fr);gap:0}}.sub-cover{background:var(--grey-light);display:block}.sub-cover img{width:100%;height:auto;display:block}.sub-body{flex-direction:column;gap:.5rem;padding:1.25rem;display:flex}@media (width>=768px){.sub-body{justify-content:center;padding:2rem}}.sub-body h2{margin:0;font-size:clamp(1.5rem,2.5vw,2rem)}.sub-body h2 a{color:inherit;text-decoration:none}.sub-body h2 a:hover{text-decoration:underline}.sub-summary{color:var(--grey-text);max-width:none}.sub-body .actions{margin-top:.5rem}.btn.light{background:var(--grey-light);color:var(--black)}.sub-page{flex-direction:column;gap:1.5rem;display:flex}.sub-head{flex-direction:column;gap:.75rem;display:flex}.sub-toc{border-radius:var(--radius);max-width:var(--measure);border:1px solid #e5e7eb;padding:1rem 1.25rem}.sub-toc ol{flex-direction:column;gap:.25rem;margin:.5rem 0 0;padding-left:1.25rem;list-style:decimal;display:flex}.sub-toc a{color:inherit}.slides{flex-direction:column;gap:2.5rem;display:flex}.slide{scroll-margin-top:calc(var(--nav-h) + 1rem)}.slide.section{border-top:1px solid var(--black);padding-top:1.5rem}.slide-heading{margin:0 0 .75rem}h2.slide-heading{font-size:clamp(1.5rem,3vw,2.25rem)}h3.slide-heading{font-size:clamp(1.125rem,1.6vw,1.375rem)}.slide-figure{margin:0}.slide-figure img{border-radius:var(--radius);border:1px solid #e5e7eb;width:100%;height:auto}.slide-figure figcaption{font-size:.8rem}.slide-text{color:var(--grey-text);max-width:var(--measure);margin-top:.5rem;font-size:.9rem;line-height:1.5}.slide-text summary{cursor:pointer;color:var(--grey-text);font-size:.85rem}.slide-text>div{margin-top:.5rem}.slide-text p,.slide-text ul{max-width:none;margin:0 0 .6em}.slide-text ul{padding-left:1.25rem;list-style:outside}.slide-text ul ul{margin:.25em 0 0;list-style:circle}.slide-text li+li{margin-top:.3em}.slide-text .slide-source{color:var(--grey-text);font-size:.85rem}.dead-link{color:var(--grey-text);word-break:break-all;text-decoration:line-through}.doc-files{max-width:var(--measure);flex-direction:column;gap:1.5rem;margin-top:1rem;display:flex}.doc-file{scroll-margin-top:calc(var(--nav-h) + 1rem);border-top:1px solid #e5e7eb;padding-top:1.25rem}.doc-file h2{margin:0 0 .25rem;font-size:1.25rem;line-height:1.25}.doc-file .actions{margin-top:.5rem}.doc-text{margin-top:.75rem}.doc-text summary{cursor:pointer;color:var(--grey-text);font-size:.9rem}.doc-text p{color:var(--grey-text);white-space:pre-wrap;max-width:none;margin-top:.5rem;font-size:.85rem;line-height:1.5}.podcast-player{width:100%;height:352px;max-width:var(--measure);border:0;border-radius:12px;display:block}.listen{padding-block:3rem}.listen .page-wrap{flex-direction:column;gap:.75rem;display:flex}.listen h2{margin:0}.listen .listen-title{max-width:var(--measure);font-size:clamp(1.125rem,1.6vw,1.375rem);line-height:1.3}.listen .listen-title a{color:inherit}